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Q's long trade update


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#1 hiker

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Posted 04 January 2007 - 11:10 AM

staying long unless 43.48 is taken out on a sustained basis....43.60 to 43.66 backtest to come?

note today's move above a D/T line on the 13 minute.

QQQQ horizontal support 42.88, 41.59

Resistance: 44.11, 44.76, 44.86 (another D/T line resistance on 13 min chart resides below 44.11...Ted Burge at StockCharts has been showing 44.06 as horizontal resist. for a while now)


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fyi...SINA may be attempting to break into $30.36 to 31.80 horizontal zone :

note the PnF chart showing price level of importance now being tested -

http://stockcharts.c...llery.html?sina

lifetime weekly chart -


Posted Image

Edited by hiker, 04 January 2007 - 11:22 AM.


#2 esther231

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Posted 04 January 2007 - 11:22 AM

Boy, that's a pretty chart. Much thanks.
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells

#3 traderpaul

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Posted 04 January 2007 - 11:39 AM

Hiker, On the Qs, You find this ETF dances around $43.27. Been trading this level on the last five trading days. The possibility of her going back to this level is very high....

Edited by traderpaul, 04 January 2007 - 11:40 AM.

"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#4 hiker

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Posted 04 January 2007 - 12:07 PM

let's first see if it closes above $44.06. Expect first round of selling to be 43.85 to 44.11. time will tell...thanks Paul..too many on bearish side in my opinion. A setup for at least a near-term upside surprise...it is worth the risk, since profits are in the trade already.

Edited by hiker, 04 January 2007 - 12:16 PM.


#5 hiker

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Posted 04 January 2007 - 12:23 PM

delayed chart...3 day, 3 minute -

$43.48 is marked...the final 30-minutes price action is what matters now...let's see what the close brings.

Posted Image

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fyi....

http://stockcharts.c...llery.html?beas

3-month daily chart -

Posted Image

Edited by hiker, 04 January 2007 - 12:29 PM.


#6 hiker

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Posted 04 January 2007 - 01:08 PM

http://stockcharts.c...llery.html?mama

MAMA delayed 20 day 60 minute chart -

Posted Image

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also ck out PARL vs. dowtrend line on the daily

http://stockcharts.c...llery.html?parl

#7 hiker

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Posted 04 January 2007 - 01:29 PM

EWJ -

convergence of the 50 and 200-day sma's...note yesterday's price and volume candles, as $14.20 to 14.32 horizontal resistance was tested -

http://stockcharts.c...allery.html?ewj

lifetime weekly chart is worth a look...1/3 closing basis chart....I am staying long EWJ unless move back below the broken trendline occurs...will a sustained move above $14.32 occur?

...Japanese mkt is not yet loved by traders looking for a foreign market to own.

Posted Image

Edited by hiker, 04 January 2007 - 01:30 PM.


#8 CLK

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Posted 04 January 2007 - 02:49 PM

Hiker......nice call on the Q's. Before I came to this board I didn't know what a trendline was, all I used to use was horizontal S/R, I need to get back to using those more.

#9 hiker

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Posted 04 January 2007 - 03:08 PM

thanks, CLK

here is the 13 minute d/t line that has now been broken by the late intraday action..delayed 15 day 13 minute chart -

Posted Image

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fyi -

long entry in HAL has downside risk to 26.33 to 28.14...visible zone on 10year monthly chart....note 29.19 area on daily and weekly chart.

fyi -

ECA has achieved its first major downside target...note 43.80 on l/t weekly chart

Edited by hiker, 04 January 2007 - 03:12 PM.


#10 hiker

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Posted 04 January 2007 - 04:00 PM

this 13 minute 2 day chart tells the story of support holding at the 20 period sma on this chart...delayed chart -

Posted Image